Invesco Trust for Investment Grade Municipals (VGM)
Company Info
| ISIN | US46131M1062 |
|---|---|
| CUSIP | 46131M106 |
| Sector | Financial Services |
| Industry | Asset Management |
| IPO Date | Feb 19, 1992 |
Highlights
| Market Cap | $551.54M |
|---|---|
| EPS (TTM) | $0.98 |
| PE Ratio | 10.38 |
| Total Revenue (TTM) | $41.44M |
| Gross Profit (TTM) | $35.88M |
| EBITDA (TTM) | $42.06M |
| Year Range | $8.70 - $10.57 |
| Short % | 0.28% |
| Short Ratio | 0.72 |
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: VGM vs. GBAB, VGM vs. VOO, VGM vs. VIG, VGM vs. IIM, VGM vs. ONEQ
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Invesco Trust for Investment Grade Municipals, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Invesco Trust for Investment Grade Municipals had a return of 9.35% year-to-date (YTD) and 19.26% in the last 12 months. Over the past 10 years, Invesco Trust for Investment Grade Municipals had an annualized return of 3.08%, while the S&P 500 had an annualized return of 11.31%, indicating that Invesco Trust for Investment Grade Municipals did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 9.35% | 24.72% |
| 1 month | -1.30% | 2.30% |
| 6 months | 7.46% | 12.31% |
| 1 year | 19.26% | 32.12% |
| 5 years (annualized) | 0.88% | 13.81% |
| 10 years (annualized) | 3.08% | 11.31% |
Monthly Returns
The table below presents the monthly returns of VGM, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.67% | 1.01% | 0.49% | -2.75% | 3.76% | 4.72% | 1.41% | 1.12% | 2.16% | -1.28% | 9.35% | ||
| 2023 | 4.20% | -6.36% | 2.57% | -0.85% | -1.37% | 1.00% | 1.20% | -4.54% | -8.36% | -1.61% | 14.00% | 4.92% | 2.97% |
| 2022 | -10.24% | -2.22% | -4.02% | -6.21% | 3.23% | -5.11% | 5.20% | -5.59% | -9.33% | -2.73% | 13.64% | -1.54% | -24.16% |
| 2021 | 0.79% | 0.18% | 2.31% | 2.26% | 2.60% | 0.32% | 0.81% | 1.67% | -3.63% | -0.63% | 1.66% | 2.21% | 10.89% |
| 2020 | 4.23% | -2.57% | -6.25% | -4.49% | 5.31% | 0.24% | 6.23% | 0.03% | -1.71% | 0.27% | 4.80% | 2.50% | 7.97% |
| 2019 | 5.77% | 1.34% | 1.99% | -0.80% | 2.31% | 2.03% | 2.71% | 1.94% | -1.80% | 0.01% | -0.77% | 1.83% | 17.64% |
| 2018 | -3.70% | -0.61% | -1.69% | 0.24% | 4.03% | -1.51% | 0.16% | -1.20% | -1.64% | -4.27% | 1.79% | 0.54% | -7.84% |
| 2017 | 2.78% | 1.03% | -0.42% | 1.49% | 1.64% | 1.62% | 1.60% | 1.36% | -1.66% | -2.52% | 1.58% | 0.78% | 9.55% |
| 2016 | 3.03% | 0.17% | 3.27% | 3.75% | -1.24% | 5.32% | -0.19% | -4.25% | 0.67% | -6.09% | -4.63% | 2.44% | 1.52% |
| 2015 | 4.94% | -2.93% | 1.01% | -0.50% | -1.10% | -2.49% | 1.53% | -0.37% | 2.47% | 2.35% | 0.57% | 1.85% | 7.30% |
| 2014 | 5.46% | 1.28% | 0.11% | 1.44% | 2.51% | -0.42% | -1.35% | 3.34% | 0.42% | 1.18% | -0.05% | 1.94% | 16.83% |
| 2013 | 4.35% | -3.61% | -1.31% | 0.28% | -4.60% | -2.56% | -8.80% | -1.35% | 3.52% | -1.50% | -2.28% | 3.34% | -14.27% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of VGM is 85, placing it in the top 15% of stocks on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Invesco Trust for Investment Grade Municipals (VGM) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Invesco Trust for Investment Grade Municipals provided a 5.97% dividend yield over the last twelve months, with an annual payout of $0.61 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.61 | $0.44 | $0.57 | $0.65 | $0.62 | $0.62 | $0.69 | $0.77 | $0.83 | $0.88 | $0.88 | $0.94 |
Dividend yield | 5.97% | 4.40% | 5.66% | 4.66% | 4.66% | 4.86% | 5.99% | 5.83% | 6.52% | 6.62% | 6.64% | 7.68% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Trust for Investment Grade Municipals. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.58 | |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.44 |
| 2022 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.57 |
| 2021 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.65 |
| 2020 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.62 |
| 2019 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.62 |
| 2018 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.69 |
| 2017 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.77 |
| 2016 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.83 |
| 2015 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.88 |
| 2014 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.88 |
| 2013 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.94 |
Dividend Yield & Payout
Dividend Yield
Payout Ratio
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Trust for Investment Grade Municipals. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco Trust for Investment Grade Municipals was 49.37%, occurring on Dec 16, 2008. Recovery took 180 trading sessions.
The current Invesco Trust for Investment Grade Municipals drawdown is 15.59%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -49.37% | May 17, 2007 | 401 | Dec 16, 2008 | 180 | Sep 3, 2009 | 581 |
| -36.62% | Sep 23, 2021 | 526 | Oct 25, 2023 | — | — | — |
| -24.77% | Feb 12, 2020 | 26 | Mar 19, 2020 | 177 | Nov 30, 2020 | 203 |
| -23.13% | Jan 28, 2013 | 141 | Aug 16, 2013 | 367 | Feb 2, 2015 | 508 |
| -22.51% | Dec 21, 1998 | 250 | Dec 16, 1999 | 289 | Feb 8, 2001 | 539 |
Volatility
Volatility Chart
The current Invesco Trust for Investment Grade Municipals volatility is 3.33%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Financials
Financial Performance
Valuation
The Valuation section provides an assessment of the market value of Invesco Trust for Investment Grade Municipals compared to its peers in the Asset Management industry.
PE Ratio
The chart displays the price to earnings (P/E) ratio for VGM in comparison to other companies of the Asset Management industry. Currently, VGM has a PE value of 10.4. This PE ratio falls in the average range for the industry.PEG Ratio
The chart displays the price to earnings to growth (PEG) ratio for VGM in comparison to other companies of the Asset Management industry. Currently, VGM has a PEG value of 0.0. This PEG ratio is much higher than those of other companies of the industry. This might be an indicator of the company being overvalued.Historical P/E Ratio Chart
The chart below displays the historical trend of the price-to-earnings (P/E) ratio for Invesco Trust for Investment Grade Municipals.
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Income Statement
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